Brookstone Capital Management Purchases New Position in Johnson Controls International plc $JCI

Brookstone Capital Management purchased a new stake in shares of Johnson Controls International plc (NYSE:JCI) during the second quarter, Holdings Channel reports. The institutional investor purchased 6,220 shares of the company’s stock, valued at approximately $657,000.

A number of other institutional investors also recently modified their holdings of JCI. Nuveen LLC purchased a new stake in shares of Johnson Controls International during the 1st quarter valued at approximately $219,110,000. AQR Capital Management LLC lifted its stake in Johnson Controls International by 747.6% in the 1st quarter. AQR Capital Management LLC now owns 2,034,060 shares of the company’s stock worth $159,186,000 after purchasing an additional 1,794,089 shares in the last quarter. Alkeon Capital Management LLC purchased a new stake in Johnson Controls International in the 1st quarter worth approximately $112,154,000. Voya Investment Management LLC lifted its stake in Johnson Controls International by 637.1% in the 1st quarter. Voya Investment Management LLC now owns 1,567,576 shares of the company’s stock worth $125,578,000 after purchasing an additional 1,354,912 shares in the last quarter. Finally, Valeo Financial Advisors LLC lifted its stake in Johnson Controls International by 16,575.7% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,275,357 shares of the company’s stock worth $134,703,000 after purchasing an additional 1,267,709 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on JCI shares. Barclays increased their target price on shares of Johnson Controls International from $100.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 30th. Wolfe Research increased their target price on shares of Johnson Controls International from $132.00 to $133.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Johnson Controls International in a research note on Saturday. Zacks Research upgraded shares of Johnson Controls International to a “hold” rating in a research note on Monday, August 11th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Johnson Controls International from $124.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $113.41.

Insider Buying and Selling at Johnson Controls International

In related news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total transaction of $149,395.32. Following the transaction, the vice president owned 139,459 shares of the company’s stock, valued at approximately $14,651,562.54. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total transaction of $625,604.41. Following the transaction, the vice president directly owned 25,005 shares in the company, valued at approximately $2,643,778.65. This represents a 19.14% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,761 shares of company stock worth $922,447. 0.54% of the stock is owned by insiders.

Johnson Controls International Price Performance

JCI stock opened at $113.04 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96. Johnson Controls International plc has a 52 week low of $68.03 and a 52 week high of $113.38. The firm’s fifty day moving average is $107.85 and its 200 day moving average is $101.69. The firm has a market cap of $73.97 billion, a P/E ratio of 33.54, a P/E/G ratio of 1.69 and a beta of 1.33.

Johnson Controls International (NYSE:JCI) last released its earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.99 by $0.06. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.99 billion. Johnson Controls International has set its FY 2025 guidance at 3.650-3.680 EPS. Q4 2025 guidance at 1.140-1.170 EPS. Research analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Monday, September 22nd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.60 annualized dividend and a dividend yield of 1.4%. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.37. Johnson Controls International’s payout ratio is 47.48%.

Johnson Controls International Profile

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.